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SEATTLE Starbucks Corp. gave credit to brisk holiday business and the launch of its new instant coffee as it reported first-quarter profit that nearly quadrupled from a year ago and posted its first same-store sales increase in two years. For the...
RICHMOND HEIGHTS Mo. Citing stronger-than-anticipated fourth-quarter same-store sales growth, Panera Bread Co. raised its earnings guidance by as much as 9 cents per share, or 11 percent, and also noted that sales trends have continued to...
WEST ROXBURY Mass. Uno Restaurant Holdings Corp., the owner of the Uno Chicago Grill casual dining chain, filed for Chapter 11 bankruptcy protection Wednesday.As part of the prearranged restructuring, the privately held company said it will...
WASHINGTON The National Restaurant Association projected Wednesday that 2010 will include a gradual improvement in sales for the restaurant industry, as upticks in real disposable income, employment and national population counts drive the economy...
Early fourth-quarter sales reports suggest unemployment and anemic consumer spending have continued to hamper sales growth for restaurant chains. With two investor conferences on the calendar last week, a number of restaurant companies released...
SAN DIEGO The fast-casual Daphne’s Greek Cafe chain filed for Chapter 11 bankruptcy protection this week, but the company’s founder pledged Thursday the reorganization would be short. George Katakalidis, who founded the 69-unit chain in 1991 and...
MIAMI Benihana Inc. announced this week changes to its management team as it begins work with CRG Partners Group LLC, a turnaround firm and financial restructuring expert. The casual-dining company, which that operates and...
CALABASAS HILLS Calif. The Cheesecake Factory Inc. ended the year on an upswing with better-than-expected sales trends in the fourth quarter, which the company said Tuesday was driven almost entirely by increased guest traffic.For the quarter...